Corporate Social Responsibility
WHAT IS CORPORATE SOCIAL RESPONSIBILITY?
The European Commission defines corporate social responsibility (CSR) as:
“The responsibility of enterprises for their impact on society.” […]
According to the definition of the World Bank:
“Corporate social responsibility is the commitment of business to contribute to sustainable economic development by working with employees, their families, the local community, and society at large to improve quality of life in ways that are both good for business and good for development.”. CSR is understood as an activity that is not a one-time act but a sustainable process that facilitates the balance of the three pillars of sustainable development – economic growth, development of society and environmental protection.
PHOENIX Pharma recognizes its corporate social responsibility as part of the leading European pharmaceutical trader PHOENIX group.
PHOENIX Pharma Bulgaria has taken an active part in the group’s reports over the past two years.
The CSR report of the PHOENIX group is based on the requirements of the Global Reporting Initiative, v. GRI G4.0.
The PHOENIX Group publishes its sustainability reports on an annual basis. The reports include key performance indicators (KPIs) from all subsidiaries and their local affiliates. The report sets out specific indicators that are relevant for the pharmaceutical distribution process. Using examples, the report demonstrates how the PHOENIX group supports positive changes and how the negative impact has been avoided or mitigated.